Another Month Another Massive Federal Budget Deficit
After running the biggest December budget deficit in history, the U.S. government followed up with another massive budget shortfall in January. Borrowing and spending at record rates is a legacy President Donald Trump left to Joe Biden, and the new administration will...
Trump Administration Runs Yet Another Really Big Deficit in November
The Trump administration kicked off fiscal 2021 with the biggest October deficit in history. But with the first of November falling on a weekend, some November spending got shifted into October, inflating that month’s deficit. Now that we have the November...
Trump Runs Biggest October Budget Deficit in History
If you thought maybe the federal government would try to rein in the spending after running a recorded budget deficit of $3.13 trillion in fiscal 2020, you were sorely disappointed. Donald Trump and Company have not kicked his spending habit. October was the first...